The EPF registration process typically involves the following steps:
1. Obtain the employer identification number (EIN)
2. Register on the EPF portal
3. Submit employee details
4. Generate the UAN (Universal Account Number)
5. Provide the EPF contribution
6. Issue the EPF passbook
7. File EPF returns
The ESIC registration process typically involves the following steps:
1. Obtain the employer identification number (EIN)
2. Register on the ESIC portal
3. Submit employee details
4. Provide the ESIC contribution
5. Obtain an ESIC code number
6. File ESIC returns
7. Provide the ESIC benefit to employees
The EPF return filing process typically involves the following steps:
1. Obtain the EPF challan
2. Generate the electronic return
3. Verify the electronic return
4. Upload the return
5. Pay the EPF contribution
6. Obtain the acknowledgement receipt
Generate the electronic return
Verify the electronic return
Upload the return
Pay the ESIC contribution
Obtain the acknowledgement receipt
EPF (Employee Provident Fund) and ESI (Employee State Insurance) are social security schemes that are mandatory for certain employers in India. The applicability of EPF/ESI is based on the following factors:
Type of establishment: EPF and ESI are mandatory for establishments that meet certain criteria, such as having more than 20 employees (for EPF) or 10 employees (for ESI).
Employee salary: EPF is mandatory for employees with a salary of up to Rs. 15,000 per month, while ESI is mandatory for employees with a salary of up to Rs. 21,000 per month.
Nature of work: EPF and ESI are mandatory for certain types of establishments, such as factories, mines, and construction sites, where there is a higher risk of accidents and injuries.
Adding an Employee:
Offer Letter
Employment Contract
Documentation
Onboarding
Payroll Setup
Exiting an Employee:
Resignation
Termination
Exit Interview
Clearance Process
Payroll Processing
Documentation
Updating the details of an employee is an important HR process that involves several steps. The following is a general outline of the steps involved in updating the details of an employee:
1. Collect updated information
2. Verify the information
3. Update the HRIS
4. Communicate the changes
5. Update documentation
6. Update compliance documents
7. Monitor changes
Employees’ Provident Fund (EPF) is a retirement savings scheme for salaried employees in India. If you wish to withdraw your EPF balance, you can do so by following these steps:
Check your eligibility
Download the EPF withdrawal form
Fill the withdrawal form
Submit the form
Track your application
Receive the amount
Benefits of EPF:
1. Retirement benefit:
2. Tax benefits
3. Withdrawal facility
4. Insurance benefit
Benefits of ESI
2. Maternity benefit
3. Disability benefit
4. Unemployment benefit
Both EPF and ESI provide a safety net for employees and their families, protecting them from financial difficulties and unexpected expenses.
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